Securitization Trustee

Securitization Trustee

When you as a company securitise some of your specific receivables to a Special Purpose Vehicle (“SPV”) you need to appoint a Trustee. We perform the role of a Trustee for the asset classes :

  1. ABS (Asset Backed Securitisation) : Commercial Vehicles/Construction Equipment loans, Car loans, Two wheeler loans
  2. MBS (Mortgage Backed Securitisation) : Housing Loans, Mortgage loan, Microfinance Loans, Personal Loans

We can assist you in :

  • Compliance with RBI Guidelines and SEBI Guidelines
  • Regular analysis of servicer reports, ensuring timely and accurate payouts
  • Co-ordination & follow up with Arrangers, Legal Counsels, Investors, Originators, Bankers and Rating Agencies
  • Credit enhancement/liquidity facility Invocation (in case of shortfall) as per RBI Guidelines
  • Our inputs on transaction structure/ Information Memorandum along with detailed financial modelling
  • Collecting proceeds from the investors and providing the same to the originator
  • Quarterly Audit for various trusts along with issuance of TDS certificates to the beneficiaries wherever TDS implications are involved
  • Relevant Documentation required along with vetting of the legal documentation
  • Monitoring the credit enhancement as stipulated by the rating agency
  • Periodic (monthly / quarterly reports) along with future cash flows factoring prepayments to the investor, originator & rating agency
  • Investor servicing for responding to any queries/clarifications sought by the investors
  • Redemption of the PTCs on completion of the payouts